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Title: ETH Difficulty +11% in less than 24 hours. Post by: adaseb on June 20, 2017, 08:15:52 AM This is probably one of the largest difficulty jumps i've seen recently. For the past month or so we were averaging +25% in 1 week or so.
But today alone it spiked up +11% 3896897 Block eu1 June 19th 2017, 9:13:15 am 765.6 T 11.4 TH/s 69s 3901922 Block eu1 June 20th 2017, 8:09:45 am 847.7 T 11.4 TH/s 35s 213% That equates to around 200,000 GPUs (assuming 28MH/s) We started the year off with 200,000 GPUs mining in total. Really starting to suspect some type of ETH ASICs out there since the difficult jump is looking exponential for the first time. Before it was linear. The 0.3% DAG slowdown for the RX series doesn't seem so significant anymore. Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: Jamievs on June 20, 2017, 08:20:48 AM It's "funny". Some big players must be buying all stock directly at the factory or something. Shops only had a handfull once and out of stock since.
Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: 666mrga999 on June 20, 2017, 08:21:36 AM I agree this has to be some ASIC in play, because there are no new 200k GPUs in the world.
A week ago I saw a post with 230MH/s per GPU, so maybe this is the reason... Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: CjMapope on June 20, 2017, 08:32:50 AM Holy carp 11%+ in one go!
It would be logical to assume at this point an ASIC, there are and will be other future dagger coins, even once ETH goes PoS Crazy times gentlemen, think ill stop buying ti's for a while see where mining goes in next 30 days or so, thx for the info man! Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: adaseb on June 20, 2017, 08:46:57 AM Also to make matters worse since we passed 3,900,000 block, the ice-age difficulty factor went up also.
Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: Smasher9a on June 20, 2017, 08:51:18 AM There has been one listed as Out of Stock for months but you never know if they are selling/using on the side - https://www.eastshore.xyz/shop/ethereum-gpu-miner-eth-zcash-xmr-supported/
Looking at the screenshots tho, looks to just hold 8 GPU's at 29MH/s each so could be anything or even a complete fake ??? Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: Kompik on June 20, 2017, 08:57:12 AM I see different numbers than you do? 801,268,268M - diff? But even that is quite a jump.
Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: mikbal on June 20, 2017, 08:59:33 AM Difficulty is not the same as the network hashrate.
Check this for the actual network hashrate. https://www.coinwarz.com/network-hashrate-charts/ethereum-network-hashrate-chart (https://www.coinwarz.com/network-hashrate-charts/ethereum-network-hashrate-chart) I don't think there are asics for ethereum. However i am %100 sure big farms are hoarding all the gpus. Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: Metroid on June 20, 2017, 09:10:00 AM That must be nvidia doing their testing on eth networking. You ready? hehe
Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: Marvell1 on June 20, 2017, 09:14:34 AM It's "funny". Some big players must be buying all stock directly at the factory or something. Shops only had a handfull once and out of stock since. lol been saying that for months , and thats with 1000 panda miners delayed, imagine what happens when those hit the network LOL Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: grchina on June 20, 2017, 09:15:05 AM People are forgetting that 1070 can do 30 mhs and that they are available to buy almost everywhere.Or it could be that nvidia is testing their 1060 mining cards😀
Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: kurbeks on June 20, 2017, 09:23:41 AM Anyone checked other coin hashes?
Looked at them looks like most are increasing slowly. Zclassic had big pump yesterday and then dropped. Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: kurbeks on June 20, 2017, 09:24:25 AM It's "funny". Some big players must be buying all stock directly at the factory or something. Shops only had a handfull once and out of stock since. lol been saying that for months , and thats with 1000 panda miners delayed, imagine what happens when those hit the network LOL Pandas will get RX460, look at their post. And even regular 1000x pandas would give just at around 230Ghash increase. Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: Metroid on June 20, 2017, 09:30:34 AM I'm mining with only 1 x rx 480 for fun cause mining is for losers, although when I hear the word "asic" then I start feeling, this amazing flood of money will soon be left with more cows than grass. If you mined LTC then you must be having nightmare everytime you go to sleep cause this just cant be helped, people who are buying rx 470 480 570 580 for 700 usd are idiots. I would not pay 200 usd for them, at 120 usd i would think about. I guess will be thousands of them selling for less than 100 usd in few weeks hehe
Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: Marvell1 on June 20, 2017, 09:34:42 AM People are forgetting that 1070 can do 30 mhs and that they are available to buy almost everywhere.Or it could be that nvidia is testing their 1060 mining cards😀 actually 1070s are sold out too , the ones that are available are like $500 better to buy two 1060s at that price Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: Marvell1 on June 20, 2017, 09:38:20 AM It's "funny". Some big players must be buying all stock directly at the factory or something. Shops only had a handfull once and out of stock since. lol been saying that for months , and thats with 1000 panda miners delayed, imagine what happens when those hit the network LOL Pandas will get RX460, look at their post. And even regular 1000x pandas would give just at around 230Ghash increase. Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: bathrobehero on June 20, 2017, 09:49:00 AM When this kind of money is involved I'm pretty sure there are some super efficient miners in some form and ASICs are probably just around the corner.
Also to make matters worse since we passed 3,900,000 block, the ice-age difficulty factor went up also. True, but it's still only 0.016% as per: https://etherchain.org/charts/difficultyBomb Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: Metroid on June 20, 2017, 09:53:15 AM I guess noobs are already scared about what is happening. They were earning $5 per day per card few days ago, now around $4.20, next week $3.20 and then $2.40 and then $1.70 and then $0.30 and then they will commit suicide in a month from now hehe. Their 80 days roi will become 80 years hehe
Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: Marvell1 on June 20, 2017, 10:03:08 AM I guess noobs are already scared about what is happening. They were earning $5 per day per card few days ago, now around $4.20, next week $3.20 and then $2.40 and then $1.70 and then $0.30 and then they will commit suicide in a month from now hehe. Their 80 days roi will become 80 years hehe the so called 'noobs' are late to the game in any case, the were never gona ROI in leas than six months, that being said six month roi is better than anything on wall street but they could. have made a fuckton more by just buying eth and zcash a mere three months ago ... Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: Vaccinus on June 20, 2017, 10:07:00 AM yeah i also think as to do with asic, because with the current profit that ETH is giving it's worth to build dedicated asic for it, this or there is still someone selling gpu privately maybe, they are not really out of stock like many thing
Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: jpouza on June 20, 2017, 03:14:16 PM So the ASICs miners are already showing their claws, make no mistakes gentlemans, difficulty fast pumps are directly connected to more hashing power in the ETH network (aka ASICS miners), bye bye ETH GPU mining.
Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: drrobert on June 20, 2017, 03:19:56 PM So the ASICs miners are already showing their claws, make no mistakes gentlemans, difficulty fast pumps are directly connected to more hashing power in the ETH network (aka ASICS miners), bye bye ETH GPU mining. If is true eth will switch to POS faster ... we expect pos on next year but if is true asic on network i think they will switch to pos system about settember Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: sundownz on June 20, 2017, 03:37:28 PM Maybe it's just me... but my $ per day has not decreased at all over the last week.
My $ per day is higher than ever... possibly because I am dual mining Decred or Pascal on all my AMD cards... but either way $ is $ =) Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: Marvell1 on June 20, 2017, 03:38:58 PM So the ASICs miners are already showing their claws, make no mistakes gentlemans, difficulty fast pumps are directly connected to more hashing power in the ETH network (aka ASICS miners), bye bye ETH GPU mining. Nah its just proof the gpu shortage is not real, large farms have access to GPU's in mass quantities Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: Kompik on June 20, 2017, 03:50:36 PM So the ASICs miners are already showing their claws, make no mistakes gentlemans, difficulty fast pumps are directly connected to more hashing power in the ETH network (aka ASICS miners), bye bye ETH GPU mining. Nah its just proof the gpu shortage is not real, large farms have access to GPU's in mass quantities I dont think so, this is too much in one day even for the biggest farms. I also have some contacts to suppliers in my country and there really isnt that much cards availible even for the biggest of players. Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: Tmdz on June 20, 2017, 04:39:15 PM This is not ASIC, this is the ice age!
Look at block time, it has jumped up from around 15 sec to over 17 sec today. ETH it meant to maintain a 14 sec block time but the difficulty bomb will cause difficulty to rise faster and faster as time goes on, it has just become noticeable. If there really was an ASIC then the hashrates would be going up very fast and block times would remain close(r) to the target. Check stats here https://ethstats.net/ Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: Metroid on June 20, 2017, 06:53:33 PM It looks like ETH price crashed 20% and the difficult rose 20% regardless of hashrate drop and 17 seconds to find a block now, which means ETH became 35% less profitable, in just few days, imagine in few weeks. I wonder when the people who bought rx 4xx r5xxx series for 700 usd will commit suicide. Their end is near.
Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: adaseb on June 20, 2017, 07:05:20 PM https://etherchain.org/charts/difficultyBomb
So how does this work exactly because it says 0.016% which seems small but yet the blocktimes are now > 17 seconds which is 20% higher than normal. Difficulty Bomb factor: 137,438,953,472 (0.016 %) So every new block gets added the above difficulty? So 0.016% per block? So after 5000 blocks (1 day) it will increase the difficutly by 0.016% * 5000 = 80%? That can't be correct. Anyone understand the coding behind this ice-age? Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: Metroid on June 20, 2017, 07:33:59 PM this ice-age? The next ice age will be going from 17 seconds to almost 30 seconds, month of happening is 10527970065383. Get ready trolls, very soon your return of investment calculated at 6 months will jump to 4 years hehe. Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: adaseb on June 20, 2017, 07:50:12 PM Block 3000000, approx ETH supply 87962556, time '2017-01-16 00:38:33.067775' blocktime 14.86
Block 3500000, approx ETH supply 90612556, time '2017-04-11 18:09:34.273529' blocktime 15.27 Block 4000000, approx ETH supply 93262556, time '2017-08-15 18:20:24.642729' blocktime 30.01 Block 4500000, approx ETH supply 95912556, time '2018-11-03 05:55:48.912370' blocktime 136.71 Block 5000000, approx ETH supply 98562556, time '2025-10-02 11:47:30.658317' blocktime 835.81 Block 5500000, approx ETH supply 101212556, time '2128-03-20 09:14:16.483692' blocktime 17183.83 Block 6000000, approx ETH supply 103862556, time '5189-09-26 20:57:59.367004' blocktime 520901.19 Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: fanatic26 on June 20, 2017, 07:52:07 PM After reading through this thread it seems that none of you really have a clue what is going on. Wild accusations of ASIC miners are just silly. The price tripled, investors got excited and bought hardware, and now it is coming online. Its not all that complicated.
P.S. There is a moratorium on selling graphics cards in bulk right now as so many have been purchased the graphics card companies are unable to meet their retail demands to customers/partners. So in turn they have allocated all remaining stock to those partners and large mining firms are kind of SOL right now. Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: iamnoobplzhelp on June 20, 2017, 08:08:35 PM After reading through this thread it seems that none of you really have a clue what is going on. Wild accusations of ASIC miners are just silly. The price tripled, investors got excited and bought hardware, and now it is coming online. Its not all that complicated. P.S. There is a moratorium on selling graphics cards in bulk right now as so many have been purchased the graphics card companies are unable to meet their retail demands to customers/partners. So in turn they have allocated all remaining stock to those partners and large mining firms are kind of SOL right now. Do you have evidence about the moratorium? Or just speculation? Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: YIz on June 20, 2017, 08:09:34 PM Just wait until all the new batches of cards arrive at stores. people will start buying them like crazy and the hashrate will go to space.
The current hashrate jump is probably because many gamers and people who own GPUs got into mining because it got to mainstream news recently. Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: Metroid on June 20, 2017, 08:13:30 PM Block 3000000, approx ETH supply 87962556, time '2017-01-16 00:38:33.067775' blocktime 14.86 Block 3500000, approx ETH supply 90612556, time '2017-04-11 18:09:34.273529' blocktime 15.27 Block 4000000, approx ETH supply 93262556, time '2017-08-15 18:20:24.642729' blocktime 30.01 Block 4500000, approx ETH supply 95912556, time '2018-11-03 05:55:48.912370' blocktime 136.71 Current block is 3,904,791, i wonder when ETH network will hit 4000000 and it looks like that after 2018, eth will be close to impossible to mine if things stay the same. Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: Pennywis3 on June 20, 2017, 09:02:45 PM Don't worry, we will soft fork the crap out of this and fix it ;D
Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: sp_ on June 20, 2017, 09:10:10 PM Block 3000000, approx ETH supply 87962556, time '2017-01-16 00:38:33.067775' blocktime 14.86 Block 3500000, approx ETH supply 90612556, time '2017-04-11 18:09:34.273529' blocktime 15.27 Block 4000000, approx ETH supply 93262556, time '2017-08-15 18:20:24.642729' blocktime 30.01 ... Difficulty up, price down. Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: adaseb on June 20, 2017, 09:24:44 PM With the Metropolis release these block times will be fixed back to 14 seconds however the Ethereum foundation devs are delaying the release as late as possible to control the supply.
Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: CarlOrff on June 20, 2017, 09:30:54 PM The speed of the dificulty increase is a problem for the little miners like lot of us.
Not sur that the all the money invested in the lasts weeks can have enough return, even with a lot of months. Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: gateway on June 20, 2017, 09:36:16 PM Holy carp 11%+ in one go! It would be logical to assume at this point an ASIC, there are and will be other future dagger coins, even once ETH goes PoS Crazy times gentlemen, think ill stop buying ti's for a while see where mining goes in next 30 days or so, thx for the info man! EDIT: Sorry was late to the game posting, and as many people have said, its not ASIC.. Original: Not sure about ASIC since it takes a lot of development time, resources and money. It doesn't *seem* to make sense since at some point ETC will go to POS, granted starting out at %1 but will go over time, making miners obsolete at some point. (still down the road). However anything is possible :) Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: sp_ on June 20, 2017, 09:39:58 PM Block 3000000, approx ETH supply 87962556, time '2017-01-16 00:38:33.067775' blocktime 14.86 Block 3500000, approx ETH supply 90612556, time '2017-04-11 18:09:34.273529' blocktime 15.27 Block 4000000, approx ETH supply 93262556, time '2017-08-15 18:20:24.642729' blocktime 30.01 ... Difficulty up, no security, price down. With the Metropolis release these block times will be fixed back to 14 seconds however the Ethereum foundation devs are delaying the release as late as possible to control the supply. Out of budget, They need an iceage to swallow the emission. Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: CjMapope on June 20, 2017, 10:18:47 PM Holy carp 11%+ in one go! It would be logical to assume at this point an ASIC, there are and will be other future dagger coins, even once ETH goes PoS Crazy times gentlemen, think ill stop buying ti's for a while see where mining goes in next 30 days or so, thx for the info man! EDIT: Sorry was late to the game posting, and as many people have said, its not ASIC.. Original: Not sure about ASIC since it takes a lot of development time, resources and money. It doesn't *seem* to make sense since at some point ETC will go to POS, granted starting out at %1 but will go over time, making miners obsolete at some point. (still down the road). However anything is possible :) i would argue you never once mentioned "Dagger". it's like the sole reasoning it wouldn't happen is ETH/ETC are the only coins to mine if one had an asic? There will be coins we dont even KNOW of yet that use dagger and are huge, some would say Ubiq and Musiccoin could be long term right NOW even There's no doubt to me a dagger ASIC would be profitable, at this point they could even tap out a batch of chips i bet . Course, yes, us little guys its all speculation, "anything IS possible" :) Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: gateway on June 20, 2017, 10:30:19 PM Holy carp 11%+ in one go! It would be logical to assume at this point an ASIC, there are and will be other future dagger coins, even once ETH goes PoS Crazy times gentlemen, think ill stop buying ti's for a while see where mining goes in next 30 days or so, thx for the info man! EDIT: Sorry was late to the game posting, and as many people have said, its not ASIC.. Original: Not sure about ASIC since it takes a lot of development time, resources and money. It doesn't *seem* to make sense since at some point ETC will go to POS, granted starting out at %1 but will go over time, making miners obsolete at some point. (still down the road). However anything is possible :) i would argue you never once mentioned "Dagger". it's like the sole reasoning it wouldn't happen is ETH/ETC are the only coins to mine if one had an asic? There will be coins we dont even KNOW of yet that use dagger and are huge, some would say Ubiq and Musiccoin could be long term right NOW even There's no doubt to me a dagger ASIC would be profitable, at this point they could even tap out a batch of chips i bet . Course, yes, us little guys its all speculation, "anything IS possible" :) Dagger Hashimoto is memory-hard, which means that ASIC and FPGA gain no advantage because everyone is limited by the speed of RAM. Because the primary determinant of hardness is memory, and not computation, specialized hardware has only a tiny advantage; even an optimal Dagger mining ASIC would have little to offer over a hobbyist purchasing hundreds of gigabytes of memory cards off the shelf and plugging them into a medium-power GPU. Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: adaseb on June 20, 2017, 11:07:14 PM The devs need to do something quick with this ice-age because there is crazy backlogs going on with the ETH blockchain. Look at Bittrex
Quote Wallet Notices EMC2 (Einsteinium): EMC blockchain experienced a double spend attack. We are working with the development team on a fix. EFL (ElectronicGulden): EFL blockchain experienced a double spend attack. We are working with the development team on a fix. QTL (Quatloo): QTL blockchain experienced a double spend attack. We are working with the development team on a fix. SDC (ShadowCash): SDC wallet is being removed Jun 23rd, 2017 ARCH (ArchCoin): Wallet being deleted WBB (Wild Beast Block): Wallet will be removed on 6/23 - We are processing WITHDRAWALS ONLY. Deposits will not be credited - https://twitter.com/WildBeastBTC/status/871389558990139392 AEON (Aeon): AEON wallet offline for maintenance ETH (Ethereum): Wallet offline - Blockchain congestion detected TX (TransferCoin): Automated Maintenance. BTA (Bata): Wallet Maintenance DGD (Digix DAO): Wallet offline - Blockchain congestion detected RISE (Rise): Wallet swap will happen on July 19th. Details at https://rise.vision/swap/ UNB (UnbreakableCoin): UNB blockchain experienced a double spend attack. We are working with the development team on a fix. XAUR (Xaurum): Wallet offline - Blockchain congestion detected SNGLS (SingularDTV): Wallet offline - Blockchain congestion detected JWL (Jewel): JWL wallet is being removed July 14th, 2017 REP (Augur): Wallet offline - Blockchain congestion detected HKG (HackerGold): Wallet offline - Blockchain congestion detected ION (Ion): Wallet Offline at dev request SWT (Swarm City Token): Wallet offline - Blockchain congestion detected TIME (Chronobank Time): Wallet offline - Blockchain congestion detected MLN (Melon): Wallet offline - Blockchain congestion detected GNT (Golem): Wallet offline - Blockchain congestion detected NXC (Nexium): Wallet offline - Blockchain congestion detected EDG (Edgeless): Wallet offline - Blockchain congestion detected LGD (Legends): Wallet offline - Blockchain congestion detected TRST (Trustcoin): Wallet offline - Blockchain congestion detected WINGS (Wings DAO): Wallet offline - Blockchain congestion detected RLC (iEx.ec): Wallet offline - Blockchain congestion detected GNO (Gnosis): Wallet offline - Blockchain congestion detected GUP (Guppy): Wallet offline - Blockchain congestion detected LUN (Lunyr): Wallet offline - Blockchain congestion detected TKN (TokenCard): Wallet offline - Blockchain congestion detected HMQ (Humaniq): Wallet offline - Blockchain congestion detected ANT (Aragon): Wallet offline - Blockchain congestion detected BAT (Basic Attention Token): Wallet offline - Blockchain congestion detected 1ST (Firstblood): Wallet offline - Blockchain congestion detected QRL (Quantum Resistant Ledger): Wallet offline - Blockchain congestion detected MGO (MobileGo): Mysterium Wallet Offline : Blockchain congestion detected. CRB (CreditBit): Wallet offline - Blockchain congestion detected PTOY (Patientory): Wallet offline - Blockchain congestion detected MYST (Mysterium): Wallet offline - Blockchain congestion detected CFI (Cofound.it): Wallet offline - Blockchain congestion detected Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: dbc23 on June 20, 2017, 11:47:26 PM Holy carp 11%+ in one go! It would be logical to assume at this point an ASIC, there are and will be other future dagger coins, even once ETH goes PoS Crazy times gentlemen, think ill stop buying ti's for a while see where mining goes in next 30 days or so, thx for the info man! EDIT: Sorry was late to the game posting, and as many people have said, its not ASIC.. Original: Not sure about ASIC since it takes a lot of development time, resources and money. It doesn't *seem* to make sense since at some point ETC will go to POS, granted starting out at %1 but will go over time, making miners obsolete at some point. (still down the road). However anything is possible :) i would argue you never once mentioned "Dagger". it's like the sole reasoning it wouldn't happen is ETH/ETC are the only coins to mine if one had an asic? There will be coins we dont even KNOW of yet that use dagger and are huge, some would say Ubiq and Musiccoin could be long term right NOW even There's no doubt to me a dagger ASIC would be profitable, at this point they could even tap out a batch of chips i bet . Course, yes, us little guys its all speculation, "anything IS possible" :) Dagger Hashimoto is memory-hard, which means that ASIC and FPGA gain no advantage because everyone is limited by the speed of RAM. Because the primary determinant of hardness is memory, and not computation, specialized hardware has only a tiny advantage; even an optimal Dagger mining ASIC would have little to offer over a hobbyist purchasing hundreds of gigabytes of memory cards off the shelf and plugging them into a medium-power GPU. Is it possible this is something that's being done? I'm thinking of system memory daughterboards. Would it be possible to set up a system with several 100 gigs of system memory and use either xeons or offload processing to a GPU and hash that way with Dagger? I realize latency would become a serious problem dealing with the system bus and having to hold and communicate between system memory on then daughterboards and the GPU/CPU, but if it's truly a matter of AMOUNT of memory then this sounds like it might be a way to build a massive daggerhash machine. I'm guessing memory bandwidth and latency plays a major role though (from my limited BIOS tweaking experience) in which case this might have to do with some early Vega cards coming online, I think they're all using HBM if I'm not mistaken. Does look, if these numbers are all correct that something more than a large GPU shipment suddenly coming online, this looks like something of a different kind. Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: CjMapope on June 20, 2017, 11:54:56 PM Holy carp 11%+ in one go! It would be logical to assume at this point an ASIC, there are and will be other future dagger coins, even once ETH goes PoS Crazy times gentlemen, think ill stop buying ti's for a while see where mining goes in next 30 days or so, thx for the info man! EDIT: Sorry was late to the game posting, and as many people have said, its not ASIC.. Original: Not sure about ASIC since it takes a lot of development time, resources and money. It doesn't *seem* to make sense since at some point ETC will go to POS, granted starting out at %1 but will go over time, making miners obsolete at some point. (still down the road). However anything is possible :) i would argue you never once mentioned "Dagger". it's like the sole reasoning it wouldn't happen is ETH/ETC are the only coins to mine if one had an asic? There will be coins we dont even KNOW of yet that use dagger and are huge, some would say Ubiq and Musiccoin could be long term right NOW even There's no doubt to me a dagger ASIC would be profitable, at this point they could even tap out a batch of chips i bet . Course, yes, us little guys its all speculation, "anything IS possible" :) Dagger Hashimoto is memory-hard, which means that ASIC and FPGA gain no advantage because everyone is limited by the speed of RAM. Because the primary determinant of hardness is memory, and not computation, specialized hardware has only a tiny advantage; even an optimal Dagger mining ASIC would have little to offer over a hobbyist purchasing hundreds of gigabytes of memory cards off the shelf and plugging them into a medium-power GPU. ohh, i see, ya im not an ETH miner really so my knowledge obviously is less than yours on the subject i see haha i was speaking strickly speculative , so i cant argue with those hard facts ;p Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: Tmdz on June 21, 2017, 02:26:01 AM The devs need to do something quick with this ice-age because there is crazy backlogs going on with the ETH blockchain. Look at Bittrex Quote Wallet Notices EMC2 (Einsteinium): EMC blockchain experienced a double spend attack. We are working with the development team on a fix. EFL (ElectronicGulden): EFL blockchain experienced a double spend attack. We are working with the development team on a fix. QTL (Quatloo): QTL blockchain experienced a double spend attack. We are working with the development team on a fix. SDC (ShadowCash): SDC wallet is being removed Jun 23rd, 2017 ARCH (ArchCoin): Wallet being deleted WBB (Wild Beast Block): Wallet will be removed on 6/23 - We are processing WITHDRAWALS ONLY. Deposits will not be credited - https://twitter.com/WildBeastBTC/status/871389558990139392 AEON (Aeon): AEON wallet offline for maintenance ETH (Ethereum): Wallet offline - Blockchain congestion detected TX (TransferCoin): Automated Maintenance. BTA (Bata): Wallet Maintenance DGD (Digix DAO): Wallet offline - Blockchain congestion detected RISE (Rise): Wallet swap will happen on July 19th. Details at https://rise.vision/swap/ UNB (UnbreakableCoin): UNB blockchain experienced a double spend attack. We are working with the development team on a fix. XAUR (Xaurum): Wallet offline - Blockchain congestion detected SNGLS (SingularDTV): Wallet offline - Blockchain congestion detected JWL (Jewel): JWL wallet is being removed July 14th, 2017 REP (Augur): Wallet offline - Blockchain congestion detected HKG (HackerGold): Wallet offline - Blockchain congestion detected ION (Ion): Wallet Offline at dev request SWT (Swarm City Token): Wallet offline - Blockchain congestion detected TIME (Chronobank Time): Wallet offline - Blockchain congestion detected MLN (Melon): Wallet offline - Blockchain congestion detected GNT (Golem): Wallet offline - Blockchain congestion detected NXC (Nexium): Wallet offline - Blockchain congestion detected EDG (Edgeless): Wallet offline - Blockchain congestion detected LGD (Legends): Wallet offline - Blockchain congestion detected TRST (Trustcoin): Wallet offline - Blockchain congestion detected WINGS (Wings DAO): Wallet offline - Blockchain congestion detected RLC (iEx.ec): Wallet offline - Blockchain congestion detected GNO (Gnosis): Wallet offline - Blockchain congestion detected GUP (Guppy): Wallet offline - Blockchain congestion detected LUN (Lunyr): Wallet offline - Blockchain congestion detected TKN (TokenCard): Wallet offline - Blockchain congestion detected HMQ (Humaniq): Wallet offline - Blockchain congestion detected ANT (Aragon): Wallet offline - Blockchain congestion detected BAT (Basic Attention Token): Wallet offline - Blockchain congestion detected 1ST (Firstblood): Wallet offline - Blockchain congestion detected QRL (Quantum Resistant Ledger): Wallet offline - Blockchain congestion detected MGO (MobileGo): Mysterium Wallet Offline : Blockchain congestion detected. CRB (CreditBit): Wallet offline - Blockchain congestion detected PTOY (Patientory): Wallet offline - Blockchain congestion detected MYST (Mysterium): Wallet offline - Blockchain congestion detected CFI (Cofound.it): Wallet offline - Blockchain congestion detected Back log is nothing compared to what will happen in the next 2 ice age step-ups. It takes exponential step-ups , the next one we are looking at will push 25-30 sec blocks, then 1 min blocks. Im excited for it even though profit will suck for a bit until they fork. All the noobs that took out loans and spent money without research will likely panic and start selling hardware at deep loses. The people like us can sit back and grab some popcorn then profit again once the fork comes. Could even be a good time to be a opportunist. Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: BitcoinPC on June 21, 2017, 04:27:03 AM A true conesuer of ETH would have known that there are ASIC ETH flashes that are out there and they have been for six months or more. With the right ASIC you simply flash in the new OS and it can handle its previous algos, plus the ability to hard mine and mint, not a tech revolution, been there the whole time.
Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: MA3A on June 21, 2017, 04:50:38 AM @dbc23
- very good point. Funny thing is that back in the 90's ALL major video cards HAD slots for ADDING ONBOARD memory. This is wise in terms of card usability aka lifespan, but... DICKS that invented term "goods lifespan" have different point of view on it, thats why no more memory add-on slots. Bizniz.. MORE sales - MORE profit, as simple as that. Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: MFahad on June 21, 2017, 04:51:47 AM @dbc23 - very good point. Funny thing is that back in the 90's ALL major video cards HAD slots for ADDING ONBOARD memory. This is wise in terms of card usability aka lifespan, but... DICKS that invented term "goods lifespan" have different point of view on it, thats why no more memory add-on slots. Bizniz.. MORE sales - MORE profit, as simple as that. However, this has nothing to do with the facts about ETH, that is all in the numbers. Do your research, look at the pool size and numbers and answer the question for yourself, these are the actions of a responsible person in the crypto game and we all do this. Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: adaseb on June 21, 2017, 05:16:44 AM Diff is still skyrocketing
3896897 Block eu1 June 19th 2017, 9:13:15 am 765.6 T 11.4 TH/s 69s 3901922 Block eu1 June 20th 2017, 8:09:45 am 847.7 T 11.4 TH/s 35s 213% NOW 3906485 Block eu1 June 21st 2017, 6:12:55 am 898.3 T 11.6 TH/s 64s 121% So in less than 48 hours difficulty went up +17.33% Where are these GPUs coming from? AMD made max around 3 million per quarter of the RX series. Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: Metroid on June 21, 2017, 05:48:09 AM in less than 48 hours difficulty went up +17.33% Definitely, it's impossible to put all these hardware together and just turn on, it takes time and effort and every day the hashrate increases, not all at once in 2 days. This is not looking good. Price is very determinant to build ASICS, lets see how this will go, if is indeed ASICS then looks like ETH value will crash to hell. Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: toptek on June 21, 2017, 05:56:29 AM That must be nvidia doing their testing on eth networking. You ready? hehe I was thinking that to there miner only GPU is due out in two days .. on the 23rd or about .... keep watching the DIFF it may drop ... Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: Metroid on June 21, 2017, 06:04:52 AM That must be nvidia doing their testing on eth networking. You ready? hehe I was thinking that to there miner only GPU is due out in two days .. on the 23rd or about .... keep watching the DIFF it may drop ... The way things are, it could be anything really, for money, people do all sorts of things. Let's hope is Nvidia doing their testing. Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: Tmdz on June 21, 2017, 06:29:25 AM I wouldn't worry about it, this could be the effect of some pools getting very lucky on blocks.
Ethermine had 107% luck today. Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: thesmokingman on June 21, 2017, 11:43:28 AM Diff is still skyrocketing 3896897 Block eu1 June 19th 2017, 9:13:15 am 765.6 T 11.4 TH/s 69s 3901922 Block eu1 June 20th 2017, 8:09:45 am 847.7 T 11.4 TH/s 35s 213% NOW 3906485 Block eu1 June 21st 2017, 6:12:55 am 898.3 T 11.6 TH/s 64s 121% So in less than 48 hours difficulty went up +17.33% Where are these GPUs coming from? AMD made max around 3 million per quarter of the RX series. Pascal/Nvidia - a look around shows 1060s / 1070s sold out everywhere Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: mewhoyou on June 21, 2017, 12:22:52 PM Screw all this mining ... lets go POS! Problem solved.
Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: charles2k on June 21, 2017, 01:02:34 PM One Chinese risers manufacturer told me, that at this moment they have orders for 200000 (!!!) risers.
And there are more manufacturers than this one... Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: Rutdam on June 21, 2017, 01:15:50 PM yeah i also think as to do with asic, because with the current profit that ETH is giving it's worth to build dedicated asic for it, this or there is still someone selling gpu privately maybe, they are not really out of stock like many thing If the ASIC is confirmed, then there will be a change of PoW. Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: h311m4n on June 21, 2017, 01:39:25 PM It looks like ETH price crashed 20% and the difficult rose 20% regardless of hashrate drop and 17 seconds to find a block now, which means ETH became 35% less profitable, in just few days, imagine in few weeks. I wonder when the people who bought rx 4xx r5xxx series for 700 usd will commit suicide. Their end is near. WTH are you talking about?... ETH is just one coin that currently is the most profitable, but others are close behind. There are tons of other coins that will still give a nice profit. Everyone seems to be so scared about ETH becoming more difficult to mine or whatever, but the age of cryptos has really just begun. I don't give 2 poops about ETH dying off with their idiotic difficulty bomb and artificial difficulty increase to force people to leave before they switch to POS(hit). I'm actually hoping every miner will leave to better things soon and let ETH crash and burn (or maybe rise and shine). Personally, I don't see POS as a good thing for the ethereum network and I don't see how it will make it better as you'll just have a few large players buying up all the coins to get the work contracts. Maybe the price will rise to 1000$, maybe not. I'm holding some, but will be switching to ETC today, just waiting on my next payment... Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: Kompik on June 21, 2017, 01:46:29 PM It looks like ETH price crashed 20% and the difficult rose 20% regardless of hashrate drop and 17 seconds to find a block now, which means ETH became 35% less profitable, in just few days, imagine in few weeks. I wonder when the people who bought rx 4xx r5xxx series for 700 usd will commit suicide. Their end is near. WTH are you talking about?... ETH is just one coin that currently is the most profitable, but others are close behind. There are tons of other coins that will still give a nice profit. Everyone seems to be so scared about ETH becoming more difficult to mine or whatever, but the age of cryptos has really just begun. I don't give 2 poops about ETH dying off with their idiotic difficulty bomb and artificial difficulty increase to force people to leave before they switch to POS(hit). I'm actually hoping every miner will leave to better things soon and let ETH crash and burn (or maybe rise and shine). Personally, I don't see POS as a good thing for the ethereum network and I don't see how it will make it better as you'll just have a few large players buying up all the coins to get the work contracts. Maybe the price will rise to 1000$, maybe not. I'm holding some, but will be switching to ETC today, just waiting on my next payment... Oh man you really dont understand that this is all one interconnected market, saying I dont mine ETH, so it will not influence me is the dumbest thing ever. Good luck buying new gear and going bankrupt with this attitude. Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: h311m4n on June 21, 2017, 01:55:28 PM Oh man you really dont understand that this is all one interconnected market, saying I dont mine ETH, so it will not influence me is the dumbest thing ever. Good luck buying new gear and going bankrupt with this attitude. Funny, this is what people say every time something big is happening in the crypto world, "don't buy gear or you'll go bankrupt". Last time this happened was with ZEC, when it kept losing value because it was waaaay over-valued. Everyone was saying "haha look at those noobs buying 6 card rigs, good luck getting your money back with this scam coin". Then it hit rock bottom, and now? It's back in the 350-400$ range. And I bet all those who built and bought rigs for ZEC are pretty happy they did today, with the GPU shortage, even if they aren't mining ZEC. I know I am. I'm not trying to influence anyone's decision to stick to ETH or not. This is all a giant gamble. Maybe I'm the one who will crash and burn buying new gear (though I'm not one paying for overpriced cards). All I know is that I did my ROI a while back and you gotta be fast in this world, and sticking to mining one single coin like ETH isn't the smart move. But hey, good luck to you too right? ;) Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: Tmdz on June 21, 2017, 02:12:54 PM Oh man you really dont understand that this is all one interconnected market, saying I dont mine ETH, so it will not influence me is the dumbest thing ever. Good luck buying new gear and going bankrupt with this attitude. Funny, this is what people say every time something big is happening in the crypto world, "don't buy gear or you'll go bankrupt". Last time this happened was with ZEC, when it kept losing value because it was waaaay over-valued. Everyone was saying "haha look at those noobs buying 6 card rigs, good luck getting your money back with this scam coin". Then it hit rock bottom, and now? It's back in the 350-400$ range. And I bet all those who built and bought rigs for ZEC are pretty happy they did today, with the GPU shortage, even if they aren't mining ZEC. I know I am. I'm not trying to influence anyone's decision to stick to ETH or not. This is all a giant gamble. Maybe I'm the one who will crash and burn buying new gear (though I'm not one paying for overpriced cards). All I know is that I did my ROI a while back and you gotta be fast in this world, and sticking to mining one single coin like ETH isn't the smart move. But hey, good luck to you too right? ;) Kompik's quote was just in reference that amd eth miners are plenty able of mining ZEC (or its clones) as it has similar hash to gtx 1060. They are not just going to 'give up' and stop mining. Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: grchina on June 21, 2017, 02:38:03 PM And what you think will happen with difficulty on other coins when all that hardware from eth switch to them?You really think you will have current profit on etc?
Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: poby on June 21, 2017, 02:45:37 PM And what you think will happen with difficulty on other coins when all that hardware from eth switch to them?You really think you will have current profit on etc? This is what I don't understand. This kind of blind optimism divorced from reality. It is not speculation, it is a logical certainty that once eth profitability tanks, so will all the other cryptos. It's really really simple. It goes like this: 1. Most crypto miners are mining eth but.. 2. When eth is no longer profitable... 3. They will switch their machines to mining any other crypto that are profitable, leading to... 4. Massive increase difficulty, resulting in... 5. Profits falling off a cliff. I'm astounded how anyone can not understand this. Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: h311m4n on June 21, 2017, 03:50:43 PM And what you think will happen with difficulty on other coins when all that hardware from eth switch to them?You really think you will have current profit on etc? This is what I don't understand. This kind of blind optimism divorced from reality. It is not speculation, it is a logical certainty that once eth profitability tanks, so will all the other cryptos. It's really really simple. It goes like this: 1. Most crypto miners are mining eth but.. 2. When eth is no longer profitable... 3. They will switch their machines to mining any other crypto that are profitable, leading to... 4. Massive increase difficulty, resulting in... 5. Profits falling off a cliff. I'm astounded how anyone can not understand this. I just don't understand this kind of weird pessimism when you look at the history of cryptos. Everything does not revolve around Ethereum. A coin's difficulty/profitability is directly linked to a coins support and real world use. Why do you think ETH became so profitable? Because big players put big money into it, supporting it's development and adoption. The fact that it switches to POS is a different story altogether, but point is, if nobody was mining it, it sure wouldn't be where it is today. If miners switch to another crypto once ETH tanks (if it does), then that coin will/might gather support, potentially getting a lot of attention from investors. Difficulty will rise, but that does not always mean profitability will tank, this is exactly what happens with ETH. I can see this happening with a lot of minable coins. And again, I might be a complete idiot with my blind optimism, but if ETC for example hits 100$ a coin, I'll be lmao. It's just a matter of gambling on the right coin. Also, your "circle of doom" doesn't just happen in 2 weeks. It took ETH 2 years to get to the point where difficulty is becoming an issue AND they are artificially making it harder to mine to switch over to POS. This is plenty enough time to buy hardware and do your ROI. I mean I don't get it, is you have such a doomed and pessimistic view of this, why are you even here? All cryptos are eventually going to be impossible to mine anyway, but that's just part of the game. Just enjoy it while it lasts. Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: vg54dett on June 21, 2017, 03:57:11 PM I don't understand why people say the Eth price will crash due to higher hashrate and diffuclty.
If ETHs are difficult to get (to mine), won't their price grow up ? Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: poby on June 21, 2017, 04:26:24 PM I don't understand why people say the Eth price will crash due to higher hashrate and diffuclty. If ETHs are difficult to get (to mine), won't their price grow up ? You need to do a little more research methinks. Mining difficulty has absolutely nothing to do with the price. I have no idea if the eth price will go up or down or move sideways. But the greater the difficulty, the fewer coins you will receive for whatever hashrate you can generate. More miners = rising difficulty = fewer coins per mining hashrate. With more miners mining a coin, the difficulty automatically rises. If the price happens to rise at the same rate then profit will stay the same but if the price does not rise (and bear in mind difficulty and price have no direct relationship), then profit will fall. Because you will get fewer coins for the same hashrate and if such coins aren't worth more then your profit must be less. Quote I just don't understand this kind of weird pessimism when you look at the history of cryptos. Everything does not revolve around Ethereum. A coin's difficulty/profitability is directly linked to a coins support and real world use. Why do you think ETH became so profitable? Because big players put big money into it, supporting it's development and adoption. The fact that it switches to POS is a different story altogether, but point is, if nobody was mining it, it sure wouldn't be where it is today. If miners switch to another crypto once ETH tanks (if it does), then that coin will/might gather support, potentially getting a lot of attention from investors. Difficulty will rise, but that does not always mean profitability will tank, this is exactly what happens with ETH. I can see this happening with a lot of minable coins. And again, I might be a complete idiot with my blind optimism, but if ETC for example hits 100$ a coin, I'll be lmao. It's just a matter of gambling on the right coin. Also, your "circle of doom" doesn't just happen in 2 weeks. It took ETH 2 years to get to the point where difficulty is becoming an issue AND they are artificially making it harder to mine to switch over to POS. This is plenty enough time to buy hardware and do your ROI. I mean I don't get it, is you have such a doomed and pessimistic view of this, why are you even here? All cryptos are eventually going to be impossible to mine anyway, but that's just part of the game. Just enjoy it while it lasts. I'm not being pessimistic at all. Just stating plain facts. No guessing, no speculating. There is no evidence of a link between difficulty and coin price. More miners mining a coin will not cause the price to rise nor will it lead to the coin garnering more support. Or at least there doesn't seem to be any reason for such. You need to look at this a little more skeptically, with an open mind and a better understanding of what drives difficulty. There is no human hand controlling the difficulty, it is automatically adjusted periodically to maintain an average confirmation period. If more miners are mining it, solutions will be found faster which in turn will automatically cause the difficulty to rise. This has no relation to the price. Except of course miners look for the most profitable coins to mine so a rapidly rising coin with have greater profitability, which will draw more miners, which will increase the difficulty, which will reduce the mining profitability (unless the coin continues rising rapidly). The past couple of months have only been unusually profitable because the coin prices have shot up so fast. I think I understand now why some people are so optimistic. It's because you don't really understand how mining difficulty works. Points to ponder: 1. Mining difficulty is mathematically adjusted periodically to try to maintain a constant confirmation time. 2. There is no human involvement. 3. Price bears no relation to difficulty. Increasing difficulty, does not affect the price and increasing price does not affect the difficulty. At least not in any direct way. Indirectly, increasing price draws more miners to mine that coin which will cause a consequent increase in difficulty. But changes in difficulty have no affect direct or indirect on price. I hope this has been educational. Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: Rudsild on June 21, 2017, 04:30:32 PM I don't understand why people say the Eth price will crash due to higher hashrate and diffuclty. If ETHs are difficult to get (to mine), won't their price grow up ? I agree with that. When more people mine it, the price will go higher. Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: Tmdz on June 21, 2017, 04:35:38 PM I don't understand why people say the Eth price will crash due to higher hashrate and diffuclty. If ETHs are difficult to get (to mine), won't their price grow up ? I agree with that. When more people mine it, the price will go higher. That is incorrect, mining does not create higher demand, only higher demand of hardware. Money comes from investors not miners. Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: poby on June 21, 2017, 04:47:35 PM I don't understand why people say the Eth price will crash due to higher hashrate and diffuclty. If ETHs are difficult to get (to mine), won't their price grow up ? I agree with that. When more people mine it, the price will go higher. I would love to hear how that works! By what mechanism, (besides wishful thinking), can people mining a coin cause the price to rise? I don't know how many different ways I can explain this... It's really not complicated... Difficulty is solely and entirely determined automatically and periodically to try to maintain a constant and fixed confirmation time. When more hashrate power is applied to a coin e.g. more miners mining it, confirmation times start to shorten which causes the difficulty to increase automatically to try to maintain the same confirmation time. It has absolutely no relationship to price. The price is not involved in the calculation. So we have established there is no mechanical or mathematical relationship between difficulty and price. The only other way, might be if investors saw a rising difficulty and took that as a reason to buy more coins. But it begs the question why the heck would investor care what the difficulty is?? I can't imagine investors look at mining difficulty at all. It's just not relevant as it bares no relation to present or future price movements. All an increasing difficulty suggests is more miners are mining it. All that means is that it is more profitable to mine, usually because it has had a rapid run up in price. Now investors are interested in price movements but why would they look at an indirect imprecise indicator of price action (mining difficulty) when they can glance at any historical price chart? Anyway, I'm hoping someone can prove me wrong and demonstrate a distinct correlation between mining difficulty and price. I can't imagine how that might work but I try to maintain an open mind :) Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: vg54dett on June 21, 2017, 04:49:20 PM Because when diffulcty grow, the miner get less coins.
If miner is not stupid, he will hold. (generally he want to earn the most, so he has no interest in selling his mined coins for cheap) If most miners hold, supply is low. Offer/demand law => low supply = price will rise. Of course it's not so simple (not all miners have the same strategy), but that is the idea why we think difficulty will bring price growth. I personnaly think that now that people tasted ETH @350+ USD , they won't be very interested to sell for cheaper, and many will hold in expectation for new rises. That's not sure , but I think so. Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: BeyondDeception on June 21, 2017, 04:54:20 PM You guys know way more than I do. Maybe it is an ASIC machine, maybe not - but something is clearly happening because the difficulty rate is increasing exponentially and there a lot of weird happenings (iceage, backlogs, difficulty rate increasing 11% in one day, etc.)
In my experience when you have this many weird things happening all at the same time - something fishy is going on. I will point out that I'm seeing a trend across the board with video cards that I would not normally consider. People are buying up 460s, 560s, 1060s and even 1070s to try to jump on the band wagon. It's almost like stocks, there are always a bunch of people jumping in at the last minute only to lose money when the floor drops out from underneath them. People are getting desperate and buying other cards to try to make money and to chase that difficulty level. Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: poby on June 21, 2017, 05:03:29 PM Because when diffulcty grow, miner get less coins. If miner is not stupid, he will hold. If most miners hold, supply is low. Offer/daman law => low supply = price will rise. Of course it's not so simple, but that is the idea why we thing difficulty will bring price growth Ok that's the first attempt at a rationale I've heard. It's not correct but it's good to see someone trying... The problematic assumption is in assuming miners are more or less likely to hold if they get more or less coins. You seem to suggest if a miner gets more coins he will sell but if fewer coins he will hold. I really don't see that happening at all. In fact if you look at eth price and difficulty in may, you see the difficulty increases AFTER the price rises, not the other way round. If you look at any coin on whattomine.com, over a period of days, you will see the more profitable coins tend to get larger increases in difficulty the next day, due to more miners pilling on. The increasing difficulty, reduces profitability and so they switch to another coin and so on. This is why the most profitable coins in the league table are in constant positional flux. The herd moves from one to another, and every time they move, difficulty goes up in the coin they move to and so the next day they move on. It's also why difficulty goes down. When enough miners move away from a coin, the difficulty has to reduce as the confirmation time increases. Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: Bare on June 21, 2017, 05:04:46 PM even 1050Ti's are getting bought, by this rate I imagine there won't be literally no new gpu left on this planet to buy by the end of July...
Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: poby on June 21, 2017, 05:08:25 PM You guys know way more than I do. Maybe it is an ASIC machine, maybe not - but something is clearly happening because the difficulty rate is increasing exponentially and there a lot of weird happenings (iceage, backlogs, difficulty rate increasing 11% in one day, etc.) In my experience when you have this many weird things happening all at the same time - something fishy is going on. I will point out that I'm seeing a trend across the board with video cards that I would not normally consider. People are buying up 460s, 560s, 1060s and even 1070s to try to jump on the band wagon. It's almost like stocks, there are always a bunch of people jumping in at the last minute only to lose money when the floor drops out from underneath them. People are getting desperate and buying other cards to try to make money and to chase that difficulty level. This is entirely predictable and expected. Everyone and their cat are running out and buying up every GPU that can hash. More hashing will increase difficulty. Nothing unusual or unexpected. Lots of people eager to build a money making machine and desperately afraid of missing out. Last year very few had heard about this stuff. Now cryptocurrencies have been getting a lot of press and word of mouth and it's taking off big time. The result is heaps of new miners coming in with the inevitable result being rapidly increasing difficulty. It's hard to imagine how anyone starting out now will ever make a profit. (unless they have really cheap electric) Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: vg54dett on June 21, 2017, 05:16:35 PM Because when diffulcty grow, miner get less coins. If miner is not stupid, he will hold. If most miners hold, supply is low. Offer/daman law => low supply = price will rise. Of course it's not so simple, but that is the idea why we thing difficulty will bring price growth Ok that's the first attempt at a rationale I've heard. It's not correct but it's good to see someone trying... The problematic assumption is in assuming miners are more or less likely to hold if they get more or less coins. You seem to suggest if a miner gets more coins he will sell but if fewer coins he will hold. I really don't see that happening at all. In fact if you look at eth price and difficulty in may, you see the difficulty increases AFTER the price rises, not the other way round. If you look at any coin on whattomine.com, over a period of days, you will see the more profitable coins tend to get larger increases in difficulty the next day, due to more miners pilling on. The increasing difficulty, reduces profitability and so they switch to another coin and so on. This is why the most profitable coins in the league table are in constant positional flux. The herd moves from one to another, and every time they move, difficulty goes up in the coin they move to and so the next day they move on. It's also why difficulty goes down. When enough miners move away from a coin, the difficulty has to reduce as the confirmation time increases. I absolutely understand , and agree. But the problem is multi side. We should consider from a economical view too and not just mathematical. My question is : with the difficulty and hashrate growth, is there more ETHS created than before ? less ? or the same ? (That's something I don't know, havent made my research yet. But sure you will tell me) I know that in FIAT world , more a money is released , less it is powerful. But if there is less money/coin creation, it become more "rare" and price should increase. And this kind of laws work everywhere, FIAT , tokens , coins , goods , trades.. (Sorry for poor translation) Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: Tmdz on June 21, 2017, 05:17:38 PM You guys know way more than I do. Maybe it is an ASIC machine, maybe not - but something is clearly happening because the difficulty rate is increasing exponentially and there a lot of weird happenings (iceage, backlogs, difficulty rate increasing 11% in one day, etc.) In my experience when you have this many weird things happening all at the same time - something fishy is going on. I will point out that I'm seeing a trend across the board with video cards that I would not normally consider. People are buying up 460s, 560s, 1060s and even 1070s to try to jump on the band wagon. It's almost like stocks, there are always a bunch of people jumping in at the last minute only to lose money when the floor drops out from underneath them. People are getting desperate and buying other cards to try to make money and to chase that difficulty level. This is entirely predictable and expected. Everyone and their cat are running out and buying up every GPU that can hash. More hashing will increase difficulty. Nothing unusual or unexpected. Lots of people eager to build a money making machine and desperately afraid of missing out. Last year very few had heard about this stuff. Now cryptocurrencies have been getting a lot of press and word of mouth and it's taking off big time. The result is heaps of new miners coming in with the inevitable result being rapidly increasing difficulty. It's hard to imagine how anyone starting out now will ever make a profit. (unless they have really cheap electric) This is a direct result of the ice age, which some months ago was explained quite well. Look at hash rate charts vs difficulty charts https://etherscan.io/charts over the past month hash went up 66% but difficulty went up 95% In the future it will become much worse Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: poby on June 21, 2017, 05:31:32 PM I absolutely understand , and agree. But the problem is multi side. We should consider from a economical view too and not just mathematical. My question is : with the difficulty and hashrate growth, is there more ETHS created than before ? less ? or the same ? (That's something I don't know, havent made my research yet. But sure you will tell me) I know that in FIAT world , more a money is released , less it is powerful. But if there is less money/coin creation, it become more "rare" and price should increase. And this kind of laws work everywhere, FIAT , tokens , coins , goods , trades.. (Sorry for poor translation) Increasing difficulty and hashrate growth have virtually no effect on how many new eth are created. The system is designed such that the block time averages around 15 seconds. More miners with more hashrate find solutions faster which causes an automatic increase in difficulty to try to maintain the average 15 second block time. So regardless of how much hashing is going on and how high or low the difficulty, blocks are solved at roughly the same rate so the amount of new eth produced is the same. Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: Nadicona on June 21, 2017, 05:41:08 PM I absolutely understand , and agree. But the problem is multi side. We should consider from a economical view too and not just mathematical. My question is : with the difficulty and hashrate growth, is there more ETHS created than before ? less ? or the same ? (That's something I don't know, havent made my research yet. But sure you will tell me) I know that in FIAT world , more a money is released , less it is powerful. But if there is less money/coin creation, it become more "rare" and price should increase. And this kind of laws work everywhere, FIAT , tokens , coins , goods , trades.. (Sorry for poor translation) Increasing difficulty and hashrate growth have virtually no effect on how many new eth are created. The system is designed such that the block time averages around 15 seconds. More miners with more hashrate find solutions faster which causes an automatic increase in difficulty to try to maintain the average 15 second block time. So regardless of how much hashing is going on and how high or low the difficulty, blocks are solved at roughly the same rate so the amount of new eth produced is the same. But the difficulty rise caused by "ice age" will drecrease the effective issue of the coins. Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: BeyondDeception on June 21, 2017, 05:42:20 PM You guys know way more than I do. Maybe it is an ASIC machine, maybe not - but something is clearly happening because the difficulty rate is increasing exponentially and there a lot of weird happenings (iceage, backlogs, difficulty rate increasing 11% in one day, etc.) In my experience when you have this many weird things happening all at the same time - something fishy is going on. I will point out that I'm seeing a trend across the board with video cards that I would not normally consider. People are buying up 460s, 560s, 1060s and even 1070s to try to jump on the band wagon. It's almost like stocks, there are always a bunch of people jumping in at the last minute only to lose money when the floor drops out from underneath them. People are getting desperate and buying other cards to try to make money and to chase that difficulty level. This is entirely predictable and expected. Everyone and their cat are running out and buying up every GPU that can hash. More hashing will increase difficulty. Nothing unusual or unexpected. Lots of people eager to build a money making machine and desperately afraid of missing out. Last year very few had heard about this stuff. Now cryptocurrencies have been getting a lot of press and word of mouth and it's taking off big time. The result is heaps of new miners coming in with the inevitable result being rapidly increasing difficulty. It's hard to imagine how anyone starting out now will ever make a profit. (unless they have really cheap electric) This is a direct result of the ice age, which some months ago was explained quite well. Look at hash rate charts vs difficulty charts https://etherscan.io/charts over the past month hash went up 66% but difficulty went up 95% In the future it will become much worse Thanks for the link! Next couple of months are going to be interesting to say the least. Hashrate is going up, difficulty level is going up, PoS is coming - The perfect storm is brewing. Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: dannygroove on June 21, 2017, 06:07:55 PM And what you think will happen with difficulty on other coins when all that hardware from eth switch to them?You really think you will have current profit on etc? This is what I don't understand. This kind of blind optimism divorced from reality. It is not speculation, it is a logical certainty that once eth profitability tanks, so will all the other cryptos. It's really really simple. It goes like this: 1. Most crypto miners are mining eth but.. 2. When eth is no longer profitable... 3. They will switch their machines to mining any other crypto that are profitable, leading to... 4. Massive increase difficulty, resulting in... 5. Profits falling off a cliff. I'm astounded how anyone can not understand this. Whats even worse, most rookies don't know what difficulty is. So they just buy cards blindly ignoring every aspect of mining profitability. Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: Tmdz on June 21, 2017, 06:19:13 PM You guys know way more than I do. Maybe it is an ASIC machine, maybe not - but something is clearly happening because the difficulty rate is increasing exponentially and there a lot of weird happenings (iceage, backlogs, difficulty rate increasing 11% in one day, etc.) In my experience when you have this many weird things happening all at the same time - something fishy is going on. I will point out that I'm seeing a trend across the board with video cards that I would not normally consider. People are buying up 460s, 560s, 1060s and even 1070s to try to jump on the band wagon. It's almost like stocks, there are always a bunch of people jumping in at the last minute only to lose money when the floor drops out from underneath them. People are getting desperate and buying other cards to try to make money and to chase that difficulty level. This is entirely predictable and expected. Everyone and their cat are running out and buying up every GPU that can hash. More hashing will increase difficulty. Nothing unusual or unexpected. Lots of people eager to build a money making machine and desperately afraid of missing out. Last year very few had heard about this stuff. Now cryptocurrencies have been getting a lot of press and word of mouth and it's taking off big time. The result is heaps of new miners coming in with the inevitable result being rapidly increasing difficulty. It's hard to imagine how anyone starting out now will ever make a profit. (unless they have really cheap electric) This is a direct result of the ice age, which some months ago was explained quite well. Look at hash rate charts vs difficulty charts https://etherscan.io/charts over the past month hash went up 66% but difficulty went up 95% In the future it will become much worse Thanks for the link! Next couple of months are going to be interesting to say the least. Hashrate is going up, difficulty level is going up, PoS is coming - The perfect storm is brewing. They will not be doing a full pos switch at the next fork, at best the team wants to "test the water" and do a hybrid pow/pos with pos accounting for ~1% of blocks. From there they bring POS blocks up if it goes well, so mining will back to normal. But watch the forums around august late summerish there will be a lot of people freaking out once the ice age gets really bad, it jumps the difficulty every 100k blocks. Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: QuintLeo on June 21, 2017, 06:30:34 PM I agree this has to be some ASIC in play, because there are no new 200k GPUs in the world. Given how hard GTX 1070 cards have been getting hit in the last week, I disagree with that last statement. I don't see the "difficulty bomb" mattering, and don't understand why ETH wasted the time to create it - as it affects all miners equally, it isn't going to change profitability at ALL on a per-card basis. The "phase in" aspect of the current plans to move ETH to PoS might soften the landing when all those ETH cards start looking for new homes - but it's still going to be brutal eventually, unless the current price jumps resume before that point in some of the other bigger coins like ZEC. We're also talking sometime NEXT year it looks like before it becomes a significant issue - though ETH has had to "delay" plans for the PoS transition before.... It's not stupid for a miner to sell their coins immediately - it's sometimes "I have BILLS to pay", it's more often "I don't trust this coin to stay at this price" or "I don't trust the volitality". Keep in mind that coin prices are NOT automatically going to go up - Bitcoin was well over $1000 at it's earlier peak, then dropped as low as $200 and spent a LONG time under $500. Litecoin hit it's all-time peak near $50, a year later it was more like $2 and spent a LONG time under $5 - and I don't think it's EVER gotten back to that all-time peak (though this last week it got very close, one way or the other). Then there's the bear in the woods that far too many cryptocoin devs keep ignoring - outside of Bitcoin, ETH, and Litecoin, how many coins have significant acceptance in The Real World? In fact, I probably shouldn't include ETH and LTC in that list as both combined don't get accepted at 10% as many places as Bitcoin alone does. Without the ability to spend the coins in The Real World, they have zero chance at long-term viability. Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: iamnoobplzhelp on June 21, 2017, 07:52:18 PM Miners follow the money, not the other way around.
The increase in ETH price has nothing to do with the increase in miners. ETH would still be viable even if it had 1 miner. That miner would just be finding blocks like crazy. The increase in ETH price has everything to do with adoption, investors, and people getting excited about Blockchain and Cryptocurrencies in general. Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: Tmdz on June 21, 2017, 08:37:56 PM I agree this has to be some ASIC in play, because there are no new 200k GPUs in the world. Given how hard GTX 1070 cards have been getting hit in the last week, I disagree with that last statement. I don't see the "difficulty bomb" mattering, and don't understand why ETH wasted the time to create it - as it affects all miners equally, it isn't going to change profitability at ALL on a per-card basis. The "phase in" aspect of the current plans to move ETH to PoS might soften the landing when all those ETH cards start looking for new homes - but it's still going to be brutal eventually, unless the current price jumps resume before that point in some of the other bigger coins like ZEC. We're also talking sometime NEXT year it looks like before it becomes a significant issue - though ETH has had to "delay" plans for the PoS transition before.... It's not stupid for a miner to sell their coins immediately - it's sometimes "I have BILLS to pay", it's more often "I don't trust this coin to stay at this price" or "I don't trust the volitality". Keep in mind that coin prices are NOT automatically going to go up - Bitcoin was well over $1000 at it's earlier peak, then dropped as low as $200 and spent a LONG time under $500. Litecoin hit it's all-time peak near $50, a year later it was more like $2 and spent a LONG time under $5 - and I don't think it's EVER gotten back to that all-time peak (though this last week it got very close, one way or the other). Then there's the bear in the woods that far too many cryptocoin devs keep ignoring - outside of Bitcoin, ETH, and Litecoin, how many coins have significant acceptance in The Real World? In fact, I probably shouldn't include ETH and LTC in that list as both combined don't get accepted at 10% as many places as Bitcoin alone does. Without the ability to spend the coins in The Real World, they have zero chance at long-term viability. They created it because at that time they had planned on moving to full pos and did not want miners holding them hostage like they do in bitcoin. Plans changed the asset grew to crazy highs so they are playing it safe now. In the short term profit will tank and ETH is already feeling the pain of longer block times with congestion which will get much worse. All those icos and erc20 token means ETH requires a fast block time to even function. Imagine how screwed up the network will be even at just 1 min. Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: Metroid on June 21, 2017, 09:24:59 PM The increase in ETH price has everything to do with adoption, investors, and people getting excited about Blockchain and Cryptocurrencies in general. What increase? if you are saying past 2 months yes, look at this week, eth already crashed 30% and the difficulty rose 100% and that was only this week. Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: iamnoobplzhelp on June 21, 2017, 10:07:24 PM The increase in ETH price has everything to do with adoption, investors, and people getting excited about Blockchain and Cryptocurrencies in general. What increase? if you are saying past 2 months yes, look at this week, eth already crashed 30% and the difficulty rose 100% and that was only this week. Yes. The short-term price of Ethereum is inherently unstable. It's very much like a stock. I'm talking about longer term. Exactly 2 months ago, Ethereum was worth $48. Then the Ethereum Alliance announced a number of new partners and the price jumped to over $100 in a short period of time. Ethereum gained more popularity and the price increased even more. More alliance members, increase in price. More people adopting, increase in price. Yes, in the short-term, the price of Ethereum has dropped a bit. This is speculation, but I'm guessing people are getting nervous because of the network slow-downs. In the long run, Ethereum will get more backers and more people will invest and the price will go back up. It's all a guess, but IMO, Ethereum is a very good bet. Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: SidETH on June 21, 2017, 10:42:29 PM I suggest everybody selling their coins now. I will keep and check back in a couple of years.
A simple matter of not betting money you can't afford to lose. Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: QuintLeo on June 22, 2017, 12:14:30 AM People are forgetting that 1070 can do 30 mhs and that they are available to buy almost everywhere.Or it could be that nvidia is testing their 1060 mining cards😀 Half right. Yes, most 1070 are capable of 30 Mh/s or very close. No, they are NOT available to buy almost everywhere for the last week or so - avaiability has gotten REAL spotty, almost down to RX 470/570/480/580 levels - though the price hasn't climbed AS MUCH yet, it's also headed up well into 1080 territory. People mining ETH on a 1070 are being kinda dumb though, those cards do a LOT better on other algos and coins for profitability. Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: QuintLeo on June 22, 2017, 12:18:54 AM I agree this has to be some ASIC in play, because there are no new 200k GPUs in the world. I don't see the "difficulty bomb" mattering, and don't understand why ETH wasted the time to create it - as it affects all miners equally, it isn't going to change profitability at ALL on a per-card basis. They created it because at that time they had planned on moving to full pos and did not want miners holding them hostage like they do in bitcoin. That makes ZERO sense. The same number of coins are going to get mined no matter what the diff does, the same number of blocks are going to get created, etc. It doesn't affect ANYTHING that matters. It certainly does NOT affect "miners hording coins" in any way, shape, or form, as it affects ALL MINERS EQUALLY. Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: sidog on June 22, 2017, 12:53:39 AM I don't understand why people say the Eth price will crash due to higher hashrate and diffuclty. If ETHs are difficult to get (to mine), won't their price grow up ? I agree with that. When more people mine it, the price will go higher. I would love to hear how that works! By what mechanism, (besides wishful thinking), can people mining a coin cause the price to rise? I don't know how many different ways I can explain this... It's really not complicated... Difficulty is solely and entirely determined automatically and periodically to try to maintain a constant and fixed confirmation time. When more hashrate power is applied to a coin e.g. more miners mining it, confirmation times start to shorten which causes the difficulty to increase automatically to try to maintain the same confirmation time. It has absolutely no relationship to price. The price is not involved in the calculation. So we have established there is no mechanical or mathematical relationship between difficulty and price. The only other way, might be if investors saw a rising difficulty and took that as a reason to buy more coins. But it begs the question why the heck would investor care what the difficulty is?? I can't imagine investors look at mining difficulty at all. It's just not relevant as it bares no relation to present or future price movements. All an increasing difficulty suggests is more miners are mining it. All that means is that it is more profitable to mine, usually because it has had a rapid run up in price. Now investors are interested in price movements but why would they look at an indirect imprecise indicator of price action (mining difficulty) when they can glance at any historical price chart? Anyway, I'm hoping someone can prove me wrong and demonstrate a distinct correlation between mining difficulty and price. I can't imagine how that might work but I try to maintain an open mind :) I entirely get what you are trying to saying and really appreciate the semi deep dive into the relationship between price and hashing rate. Let me try to put explain it another way: The release of coins (ETH) into the world will be CONSTANT regardless of how many miners there are. Because of the CONSTANT rate of release of ETH, miners will have no direct bearing on the the PRICE of ETH. I am still not 100% sure as to the correctness of that statement, but I think that was your point. Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: Tmdz on June 22, 2017, 12:56:41 AM I agree this has to be some ASIC in play, because there are no new 200k GPUs in the world. I don't see the "difficulty bomb" mattering, and don't understand why ETH wasted the time to create it - as it affects all miners equally, it isn't going to change profitability at ALL on a per-card basis. They created it because at that time they had planned on moving to full pos and did not want miners holding them hostage like they do in bitcoin. That makes ZERO sense. The same number of coins are going to get mined no matter what the diff does, the same number of blocks are going to get created, etc. It doesn't affect ANYTHING that matters. It certainly does NOT affect "miners hording coins" in any way, shape, or form, as it affects ALL MINERS EQUALLY. No the same number of coins will not be mined, you do not understand what the ice age is. Block time will continue to increase, reducing the emission of coins and reducing profit for miners. Miners will not be able to keep up with difficulty as is the case right now, block time is 17.5 sec but should be 14 sec. Eventually block times will get so slow that the chain will die, so you either fork or die. Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: QuintLeo on June 22, 2017, 05:52:41 PM P.S. There is a moratorium on selling graphics cards in bulk right now as so many have been purchased the graphics card companies are unable to meet their retail demands to customers/partners. So in turn they have allocated all remaining stock to those partners and large mining firms are kind of SOL right now. Which doesn't stop the dealers and distributors from bulk sales, nor does it prevent the large farms from doing multiple smaller orders. Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: QuintLeo on June 22, 2017, 05:55:48 PM I agree this has to be some ASIC in play, because there are no new 200k GPUs in the world. I don't see the "difficulty bomb" mattering, and don't understand why ETH wasted the time to create it - as it affects all miners equally, it isn't going to change profitability at ALL on a per-card basis. They created it because at that time they had planned on moving to full pos and did not want miners holding them hostage like they do in bitcoin. That makes ZERO sense. The same number of coins are going to get mined no matter what the diff does, the same number of blocks are going to get created, etc. It doesn't affect ANYTHING that matters. It certainly does NOT affect "miners hording coins" in any way, shape, or form, as it affects ALL MINERS EQUALLY. No the same number of coins will not be mined, you do not understand what the ice age is. Block time will continue to increase, reducing the emission of coins and reducing profit for miners. Miners will not be able to keep up with difficulty as is the case right now, block time is 17.5 sec but should be 14 sec. Eventually block times will get so slow that the chain will die, so you either fork or die. That's not due to the difficulty bomb though, which is what *I* was specifically talking about. That's due to Ice Age changing the block time spec, completely DIFFERENT issue that does affect mining profitability *AND* new coin availability (and might affect the price some but not due to anything miners are doing). Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: Tmdz on June 22, 2017, 07:17:32 PM I agree this has to be some ASIC in play, because there are no new 200k GPUs in the world. I don't see the "difficulty bomb" mattering, and don't understand why ETH wasted the time to create it - as it affects all miners equally, it isn't going to change profitability at ALL on a per-card basis. They created it because at that time they had planned on moving to full pos and did not want miners holding them hostage like they do in bitcoin. That makes ZERO sense. The same number of coins are going to get mined no matter what the diff does, the same number of blocks are going to get created, etc. It doesn't affect ANYTHING that matters. It certainly does NOT affect "miners hording coins" in any way, shape, or form, as it affects ALL MINERS EQUALLY. No the same number of coins will not be mined, you do not understand what the ice age is. Block time will continue to increase, reducing the emission of coins and reducing profit for miners. Miners will not be able to keep up with difficulty as is the case right now, block time is 17.5 sec but should be 14 sec. Eventually block times will get so slow that the chain will die, so you either fork or die. That's not due to the difficulty bomb though, which is what *I* was specifically talking about. That's due to Ice Age changing the block time spec, completely DIFFERENT issue that does affect mining profitability *AND* new coin availability (and might affect the price some but not due to anything miners are doing). Dude, The difficulty bomb IS the ice age, they are the same thing only they call the ice age when block chain freezes. Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: Kazkar on June 22, 2017, 07:39:11 PM You have to dig while you can. Now the price justifies itself. Then we will look for a replacement. :)
Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: Metroid on July 10, 2017, 12:17:08 PM Difficulty jumped almost 20% today. So you trolls are making 20% less money and that is only today hehe
Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: Brucelats on July 10, 2017, 12:29:32 PM People are forgetting that 1070 can do 30 mhs and that they are available to buy almost everywhere.Or it could be that nvidia is testing their 1060 mining cards😀 Half right. Yes, most 1070 are capable of 30 Mh/s or very close. No, they are NOT available to buy almost everywhere for the last week or so - avaiability has gotten REAL spotty, almost down to RX 470/570/480/580 levels - though the price hasn't climbed AS MUCH yet, it's also headed up well into 1080 territory. People mining ETH on a 1070 are being kinda dumb though, those cards do a LOT better on other algos and coins for profitability. What would you suggest to mine with gtx 1070? When i was checking profitability charts and such i noticed eth is only few percent less profotable then other coins. I have right now 17x gtx 1070. Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: dragonmike on July 10, 2017, 12:44:47 PM you trolls Pot, kettle, black...Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: Vann on July 10, 2017, 02:11:11 PM The current ETH difficulty has more to do with the ICE AGE that was PROGRAMMED to increase the difficulty exponentially as the switch to POS was closer. The question is whether the developers will back it off now that the move to POS is not ready as soon as it was planned.
Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: Metroid on July 10, 2017, 02:45:33 PM Next month will be 30 seconds, which means difficulty wise will be 100%, from 1.2 to around 3.0, which means people earning now $1.70 will be earning $0.60 per card and if price keeps as it is. I'm not taking eth reduction in mind cause if there is an eth reduction from 5 to 2.5 eth per 30 seconds then people will be earning around $0.25 per card by next month. Also many people are using polaris, so count that as 25% less money for them. With that in mind, soon we will see rx 470 for less than $100.
Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: antantti on July 10, 2017, 03:50:10 PM Who cares about difficulty when markets are down 20% in hours only? Instant ice-age.
Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: Metroid on July 10, 2017, 04:10:00 PM Who cares about difficulty when markets are down 20% in hours only? Instant ice-age. People who bought gpu's for more than 50% of msrp are having nightmares. Their 14 months roi suddenly became 24 months. Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: antantti on July 10, 2017, 04:19:17 PM Best thing for these people to do is sell their cards before they hit rock bottom prices, then take that money and buy coins. At least they'll have a chance to make money then. What if they maxed out their credit card? Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: antantti on July 10, 2017, 04:34:20 PM Sell the cards, pay most of it back and don't get in at the top of the market again. Agree. Sadly, that is not how the human mind works. Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: Vann on July 10, 2017, 04:35:10 PM Who cares about difficulty when markets are down 20% in hours only? Instant ice-age. The people that care about day to day prices are day traders and those that mine with NiceHash. If you take mining for what it is and always has been, a long term investment and hedge against being left holding the bag by buying coins directly, the day to day prices are irrelevant. Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: Tmdz on July 10, 2017, 04:51:48 PM Best thing for these people to do is sell their cards before they hit rock bottom prices, then take that money and buy coins. At least they'll have a chance to make money then. What if they maxed out their credit card? Well, that was a mistake in the first place. Sell the cards, pay most of it back and don't get in at the top of the market again. They fucked up plain and simple. Bought into the hype at the peak of the pump, did ZERO research then payed 50-100% above msrp for cards. Give it another month and profit will be some slim pickings at which cards will be cheap as hell this is the last stop to sell off excess hardware. The rest of us straight chilling with well padded crypto accounts, and some of us will swoop in on cheap gpus. Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: Vann on July 10, 2017, 05:03:39 PM Best thing for these people to do is sell their cards before they hit rock bottom prices, then take that money and buy coins. At least they'll have a chance to make money then. What if they maxed out their credit card? Well, that was a mistake in the first place. Sell the cards, pay most of it back and don't get in at the top of the market again. They fucked up plain and simple. Bought into the hype at the peak of the pump, did ZERO research then payed 50-100% above msrp for cards. Give it another month and profit will be some slim pickings at which cards will be cheap as hell this is the last stop to sell off excess hardware. The rest of us straight chilling with well padded crypto accounts, and some of us will swoop in on cheap gpus. And as history shows, those that keep mining will come out ahead. Even if you built rigs before the last crash in 2014, you came out way ahead if you kept mining while the market and profitability tanked AND you were able to sell the hardware for more than what you paid for it after the market turned back up. Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: antantti on July 10, 2017, 05:28:37 PM Who cares about difficulty when markets are down 20% in hours only? Instant ice-age. If you take mining for what it is and always has been, a long term investment and hedge against being left holding the bag by buying coins directly, the day to day prices are irrelevant.How does holding the bag differ from holding the hardware? And don't get me wrong, I am a miner too. fact: difficulty will rise --> we need bull markets to level that diff rise --> better daily profits need markets to rise more than diff --> if you are sure markets will rise more than diff why don't you buy in then? fact: only way to do some serious profits with rigs is to mine, hold and wait. --> needs rising markets to happen --> if you are sure markets will rise why don't you buy in then? fact: trading makes profits both ways --> today, miners will run through excels one more time, are we going below $2/day/gpu? --> today, shorters again made loads of cash So, after all you made some mining profits? That is no excuse to do bad investments with those profits. It is fun though... edit: I like cryptos, I really do. I have supported and keep on supporting projects/ devs I think are doing the right thing. Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: Metroid on July 10, 2017, 05:41:45 PM I'm not a miner and my plan as a trader is to hold the holdings I have and if the price hit my buy criteria, unload 60% all the money I have and then be patient as long as it takes. I never sell at a loss but to do that you need to be patient.
Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: Vann on July 10, 2017, 05:50:02 PM Best thing for these people to do is sell their cards before they hit rock bottom prices, then take that money and buy coins. At least they'll have a chance to make money then. What if they maxed out their credit card? Well, that was a mistake in the first place. Sell the cards, pay most of it back and don't get in at the top of the market again. They fucked up plain and simple. Bought into the hype at the peak of the pump, did ZERO research then payed 50-100% above msrp for cards. Give it another month and profit will be some slim pickings at which cards will be cheap as hell this is the last stop to sell off excess hardware. The rest of us straight chilling with well padded crypto accounts, and some of us will swoop in on cheap gpus. And as history shows, those that keep mining will come out ahead. Even if you built rigs before the last crash in 2014, you came out way ahead if you kept mining while the market and profitability tanked AND you were able to sell the hardware for more than wait you paid for it after the market turned back up. Only works for places with cheap electricity. If you were mining ETH back in Nov of last year with a six card rig you already had and at a loss once power was factored in, you were able to a accumulate several ETH a week, more than you could have by buying ETH at the $8 low directly, for little additional risk other than your power cost. You came out way ahead once the market turned AND still have the hardware. That's why it's important to focus on mining as a long term hedge and not a daily profit center. Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: antantti on July 10, 2017, 05:54:26 PM If you were mining ETH back in Nov of last year with a six card rig you already and at a loss once power was factored in, you were able to a accumulate several ETH a week, more than you could have by buying ETH at the $8 low directly, for little additional risk other than your power cost. You came out way ahead once the market turned AND still have the hardware. That's why it's important to focus on mining as a long term hedge and not a daily profit center. I did mine ETH from the start. Show me one real world example were mining was more profitable than buying? edit: unless you already have the hardware Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: DoCApocalypto on July 10, 2017, 05:56:09 PM Best thing for these people to do is sell their cards before they hit rock bottom prices, then take that money and buy coins. At least they'll have a chance to make money then. What if they maxed out their credit card? Well, that was a mistake in the first place. Sell the cards, pay most of it back and don't get in at the top of the market again. They fucked up plain and simple. Bought into the hype at the peak of the pump, did ZERO research then payed 50-100% above msrp for cards. Give it another month and profit will be some slim pickings at which cards will be cheap as hell this is the last stop to sell off excess hardware. The rest of us straight chilling with well padded crypto accounts, and some of us will swoop in on cheap gpus. And as history shows, those that keep mining will come out ahead. Even if you built rigs before the last crash in 2014, you came out way ahead if you kept mining while the market and profitability tanked AND you were able to sell the hardware for more than wait you paid for it after the market turned back up. Only works for places with cheap electricity. If you were mining ETH back in Nov of last year with a six card rig you already and at a loss once power was factored in, you were able to a accumulate several ETH a week, more than you could have by buying ETH at the $8 low directly, for little additional risk other than your power cost. You came out way ahead once the market turned AND still have the hardware. That's why it's important to focus on mining as a long term hedge and not a daily profit center. Right. Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: Vann on July 10, 2017, 05:56:54 PM Who cares about difficulty when markets are down 20% in hours only? Instant ice-age. If you take mining for what it is and always has been, a long term investment and hedge against being left holding the bag by buying coins directly, the day to day prices are irrelevant.How does holding the bag differ from holding the hardware? And don't get me wrong, I am a miner too. fact: difficulty will rise --> we need bull markets to level that diff rise --> better daily profits need markets to rise more than diff --> if you are sure markets will rise more than diff why don't you buy in then? fact: only way to do some serious profits with rigs is to mine, hold and wait. --> needs rising markets to happen --> if you are sure markets will rise why don't you buy in then? fact: trading makes profits both ways --> today, miners will run through excels one more time, are we going below $2/day/gpu? --> today, shorters again made loads of cash So, after all you made some mining profits? That is no excuse to do bad investments with those profits. It is fun though... Investing directly in the coin you generally only have one way to profit. The coin you buy goes up in value and you sell it for more than you paid for it. If the coin goes down or to zero, you take 100% of the loss. A mining rig is an asset that has a value other than mining, which can be sold or repurposed towards any other coin YOU choose for little risk other than your power cost once it's paid off. As such you have more ways to come out ahead than you do if you just buy the coin. Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: Bothebu on July 10, 2017, 06:07:39 PM I built two rigs at end of May, sold one about a week ago for 1k more than I paid for the parts to build it. And I got to mine with it for 5 weeks. I am about $350 from breakeven on the whole mining investment. Very happy I sold the one rig! Difficulty is crazy. However, I would like to see the price of ETH drop more in the short term. Weed out the weak hands and give me the opportunity to buy more! :)
Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: antantti on July 10, 2017, 06:12:12 PM If the coin goes down or to zero, you take 100% of the loss. Show me something that went to zero, xpy might still be listed somewhere. Onecoin is also doing pretty well, the amount of free cash flowing in is just enormous.A mining rig is an asset that has a value other than mining, which can be sold or repurposed towards any other coin TrueYOU choose Hmm, not sure what this means. I can't choose where to invest?I built two rigs at end of May, sold one about a week ago for 1k more than I paid for the parts to build it. And I got to mine with it for 5 weeks. I am about $350 from breakeven on the whole mining investment. Very happy I sold the one rig! Difficulty is crazy. However, I would like to see the price of ETH drop more in the short term. Weed out the weak hands and give me the opportunity to buy more! :) Good example of a miner/trader who knows what to do. If you want to max your eth you need to wait. Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: Vann on July 10, 2017, 06:29:10 PM If the coin goes down or to zero, you take 100% of the loss. Show me something that went to zero, xpy might still be listed somewhere. Onecoin is also doing pretty well, the amount of free cash flowing in is just enormous.A mining rig is an asset that has a value other than mining, which can be sold or repurposed towards any other coin TrueYOU choose Hmm, not sure what this means. I can't choose where to invest?I have a folder of more than 20 dead coins that I mined from back in the Scypt and X11 clone days. Some of those, like the country coins were pumped to hell and back and if you had invested directly in the coin, your investment today is worth zero or peanuts compared to what they traded for, if the blockchain even works at all. You can of course choose to invest in another coin by risking more capital, but that also means you are taking on even more risk. With a mining rig you already have changing to another coin is as simple as a change in the miner configuration, with little additional risk other than your power costs. Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: wedatin on July 10, 2017, 06:32:57 PM I built two rigs at end of May, sold one about a week ago for 1k more than I paid for the parts to build it. And I got to mine with it for 5 weeks. I am about $350 from breakeven on the whole mining investment. Very happy I sold the one rig! Difficulty is crazy. However, I would like to see the price of ETH drop more in the short term. Weed out the weak hands and give me the opportunity to buy more! :) That is quite interesting thinking of wiping weak hands. But the total difficulty will rise any way. Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: antantti on July 10, 2017, 07:03:29 PM I have a folder of more than 20 dead coins that I mined from back in the Scypt and X11 clone days. Some of those, like the country coins were pumped to hell and back and if you had invested directly in the coin, your investment today is worth zero or peanuts compared to what they traded for, Ok now I understand, those were not the times to buy. Unless there was a greater fool. Just like ICO's today... Show me something that went to zero after 8/2015. Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: Vann on July 10, 2017, 07:35:09 PM I have a folder of more than 20 dead coins that I mined from back in the Scypt and X11 clone days. Some of those, like the country coins were pumped to hell and back and if you had invested directly in the coin, your investment today is worth zero or peanuts compared to what they traded for, Ok now I understand, those were not the times to buy. Unless there was a greater fool. Just like ICO's today... Show me something that went to zero after 8/2015. I took a break from mining after the crash of 2014 and only started again earlier this year. Clearly in hindsight that was a mistake vs if I had just kept mining. The good news is I held on to most of the coins I mined and for the most part, I'm glad I did. If you are saying that no coin that is being traded now has a chance of going to zero, then I would say that is not a good assumption to make given the fact 95%+ of coins are just clones of other coins with little or no difference to the other coins. In my view, that is another advantage mining has over buying directly. Since your recurring cost is essentially the same for any coin you mine, you don't need to time your purchases and be right. Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: antantti on July 10, 2017, 08:08:19 PM If you are saying that no coin that is being traded now has a chance of going to zero No, I am not saying that. That would be like saying no coin that is being traded now has a chance to go to moon. Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: adaseb on July 10, 2017, 09:55:52 PM Nice +15% difficulty gain and -15% price decline.
Those that bought Nvidia 1080Ti must be really feeling it... Most likely the diff will remain at this rate for the next week while the block times stablize at ~18-19 secs. Usually diff spikes up and then stabilizes for the next week or so looking at https://etherscan.io/chart/blocktime Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: antantti on July 10, 2017, 09:59:14 PM Price will take another dip...
Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: iamnewhere on July 10, 2017, 10:11:17 PM Nice +15% difficulty gain and -15% price decline. Those that bought Nvidia 1080Ti must be really feeling it... Most likely the diff will remain at this rate for the next week while the block times stablize at ~18-19 secs. Usually diff spikes up and then stabilizes for the next week or so looking at https://etherscan.io/chart/blocktime those who bought AMD will have bigger issue on that, with 1080TI it's just wasting power to mine ETH, there are better coins for NVIDIA cards ;) Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: adaseb on July 10, 2017, 10:32:22 PM Nice +15% difficulty gain and -15% price decline. Those that bought Nvidia 1080Ti must be really feeling it... Most likely the diff will remain at this rate for the next week while the block times stablize at ~18-19 secs. Usually diff spikes up and then stabilizes for the next week or so looking at https://etherscan.io/chart/blocktime those who bought AMD will have bigger issue on that, with 1080TI it's just wasting power to mine ETH, there are better coins for NVIDIA cards ;) Except most who bought AMD already got ROI. So they probably don't care about the declining DAG speeds. While the ones who bought the 1080Ti at $800 USD will start crying when that GPU is only pulling in $1/day. 800 day ROI. Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: antantti on July 10, 2017, 10:34:52 PM 1080ti will do fine. When bought at $500.
Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: CjMapope on July 10, 2017, 10:35:17 PM Nice +15% difficulty gain and -15% price decline. Those that bought Nvidia 1080Ti must be really feeling it... Most likely the diff will remain at this rate for the next week while the block times stablize at ~18-19 secs. Usually diff spikes up and then stabilizes for the next week or so looking at https://etherscan.io/chart/blocktime those who bought AMD will have bigger issue on that, with 1080TI it's just wasting power to mine ETH, there are better coins for NVIDIA cards ;) Except most who bought AMD already got ROI. So they probably don't care about the declining DAG speeds. While the ones who bought the 1080Ti at $800 USD will start crying when that GPU is only pulling in $1/day. 800 day ROI. i bought several 1080ti's in the last 30 days, and i assure you i will be ROI also before they bring in 1$ a day haha im like 30%+ already! course i have had to work a bit more to find the coins tht make the good bucks, but ROI is easy on ti as they have so much hashpower you have alot of options You could buy Ti in next 30 days and STILL ROI before Volta easy imo Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: adaseb on July 10, 2017, 10:35:32 PM 1080ti will do fine. When bought at $500. Were 1080ti ever even $500? Locally my prices are around $800+. You sure you are not confused with GTX 1080 ? Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: antantti on July 10, 2017, 10:58:25 PM Were 1080ti ever even $500? Locally my prices are around $800+. You sure you are not confused with GTX 1080 ? No they were not. But I am waiting. I can wait. Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: adaseb on July 10, 2017, 11:02:34 PM Nice +15% difficulty gain and -15% price decline. Those that bought Nvidia 1080Ti must be really feeling it... Most likely the diff will remain at this rate for the next week while the block times stablize at ~18-19 secs. Usually diff spikes up and then stabilizes for the next week or so looking at https://etherscan.io/chart/blocktime those who bought AMD will have bigger issue on that, with 1080TI it's just wasting power to mine ETH, there are better coins for NVIDIA cards ;) Except most who bought AMD already got ROI. So they probably don't care about the declining DAG speeds. While the ones who bought the 1080Ti at $800 USD will start crying when that GPU is only pulling in $1/day. 800 day ROI. i bought several 1080ti's in the last 30 days, and i assure you i will be ROI also before they bring in 1$ a day haha im like 30%+ already! course i have had to work a bit more to find the coins tht make the good bucks, but ROI is easy on ti as they have so much hashpower you have alot of options You could buy Ti in next 30 days and STILL ROI before Volta easy imo You sure about that? They made like $10/day last month and now its like $3/day. I don't see how a $800 USD can ever ROI. Maybe if you count the resell value at the end of the year. Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: dandreark1 on July 10, 2017, 11:34:20 PM Nice +15% difficulty gain and -15% price decline. Those that bought Nvidia 1080Ti must be really feeling it... Most likely the diff will remain at this rate for the next week while the block times stablize at ~18-19 secs. Usually diff spikes up and then stabilizes for the next week or so looking at https://etherscan.io/chart/blocktime those who bought AMD will have bigger issue on that, with 1080TI it's just wasting power to mine ETH, there are better coins for NVIDIA cards ;) Except most who bought AMD already got ROI. So they probably don't care about the declining DAG speeds. While the ones who bought the 1080Ti at $800 USD will start crying when that GPU is only pulling in $1/day. 800 day ROI. i bought several 1080ti's in the last 30 days, and i assure you i will be ROI also before they bring in 1$ a day haha im like 30%+ already! course i have had to work a bit more to find the coins tht make the good bucks, but ROI is easy on ti as they have so much hashpower you have alot of options You could buy Ti in next 30 days and STILL ROI before Volta easy imo I agree, I've been buying ti's consistently for a while and pointed/managed the right way.. not concerned IMHO. However if you're buying ti's to mine solely ETH at this point, yes obviously -you're shooting your self in the foot and I'd imagine most of us know that. Still multiple strategies out there that earn.. Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: iamnewhere on July 11, 2017, 05:09:37 AM Except most who bought AMD already got ROI. So they probably don't care about the declining DAG speeds. While the ones who bought the 1080Ti at $800 USD will start crying when that GPU is only pulling in $1/day. 800 day ROI. even with the 1070 i still mine currently for ~ $ 5/day/card - the cards will be payed off soon and then i still have plenty of currencies to mine on profit ;) the 1080ti has roughly the same mining power per $ investment costs like 1070. Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: Ziscadas on July 11, 2017, 07:23:10 AM Except most who bought AMD already got ROI. So they probably don't care about the declining DAG speeds. While the ones who bought the 1080Ti at $800 USD will start crying when that GPU is only pulling in $1/day. 800 day ROI. even with the 1070 i still mine currently for ~ $ 5/day/card - the cards will be payed off soon and then i still have plenty of currencies to mine on profit ;) the 1080ti has roughly the same mining power per $ investment costs like 1070. I think you are overestimating the 1070 revenue. It is more like $2-3 per day. Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: iamnewhere on July 11, 2017, 07:54:26 AM Except most who bought AMD already got ROI. So they probably don't care about the declining DAG speeds. While the ones who bought the 1080Ti at $800 USD will start crying when that GPU is only pulling in $1/day. 800 day ROI. even with the 1070 i still mine currently for ~ $ 5/day/card - the cards will be payed off soon and then i still have plenty of currencies to mine on profit ;) the 1080ti has roughly the same mining power per $ investment costs like 1070. I think you are overestimating the 1070 revenue. It is more like $2-3 per day. i think you mine the wrong coins :) it just went down a bit since yesterday as BTC went down now but i expect that to go back latest beginning of august and till then i keep the BTC Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: stomachgrowls on July 11, 2017, 08:25:13 AM Except most who bought AMD already got ROI. So they probably don't care about the declining DAG speeds. While the ones who bought the 1080Ti at $800 USD will start crying when that GPU is only pulling in $1/day. 800 day ROI. even with the 1070 i still mine currently for ~ $ 5/day/card - the cards will be payed off soon and then i still have plenty of currencies to mine on profit ;) the 1080ti has roughly the same mining power per $ investment costs like 1070. I think you are overestimating the 1070 revenue. It is more like $2-3 per day. i think you mine the wrong coins :) it just went down a bit since yesterday as BTC went down now but i expect that to go back latest beginning of august and till then i keep the BTC Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: Nadicona on July 14, 2017, 07:27:25 AM Except most who bought AMD already got ROI. So they probably don't care about the declining DAG speeds. While the ones who bought the 1080Ti at $800 USD will start crying when that GPU is only pulling in $1/day. 800 day ROI. even with the 1070 i still mine currently for ~ $ 5/day/card - the cards will be payed off soon and then i still have plenty of currencies to mine on profit ;) the 1080ti has roughly the same mining power per $ investment costs like 1070. I think you are overestimating the 1070 revenue. It is more like $2-3 per day. i think you mine the wrong coins :) it just went down a bit since yesterday as BTC went down now but i expect that to go back latest beginning of august and till then i keep the BTC If the ETH price does not rise like in the past, I think it is still possible to mine profitably with certain cards for most people. Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: MBW_2 on July 14, 2017, 10:08:38 AM 1080ti will do fine. When bought at $500. it is a great vga card. I have tested one and it is running very well. 31 Mhs and a good cooling. Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: antantti on July 14, 2017, 11:15:35 AM 1080ti will do fine. When bought at $500. it is a great vga card. I have tested one and it is running very well. 31 Mhs and a good cooling. Great it is, hands down the best there is. It has one problem though, mining performance. 31MH is so 2015, price tag is 2017. Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: iamnewhere on July 14, 2017, 12:00:31 PM 1080ti will do fine. When bought at $500. it is a great vga card. I have tested one and it is running very well. 31 Mhs and a good cooling. It has 720 Sol/s too, what is the AMD performance on that? :) Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: Nadicona on July 19, 2017, 03:15:32 PM 1080ti will do fine. When bought at $500. it is a great vga card. I have tested one and it is running very well. 31 Mhs and a good cooling. It has 720 Sol/s too, what is the AMD performance on that? :) For the AMD nano cards, the speed is just about 500H/s and use more energy. Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: dandreark1 on July 19, 2017, 03:31:51 PM 1080ti will do fine. When bought at $500. it is a great vga card. I have tested one and it is running very well. 31 Mhs and a good cooling. Great it is, hands down the best there is. It has one problem though, mining performance. 31MH is so 2015, price tag is 2017. I love every TI I own, "31mh is so 2015" Lol, I agree. Can't deny a farm of them grinding at 700+ sols/s though Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: adaseb on September 19, 2017, 09:46:23 PM Sometime in less than ~7500 blocks, we will hit block 4,300,000.
This will be the next ice age difficulty jump. This will be the largest so far and hopefully the last before we get the hard-fork. However nobody knows when the hard-fork will be rolled out exactly. The devs can post-pone it as long as possible to reduce the ETH supply. Either way difficulty currently is 2454T and after the jump we will be at ~3000T. We are about 2 days away... Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: philejmath on September 20, 2017, 04:34:17 PM Lot's of quality info in this thread for my fellow noobs.
-phil Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: Metroid on September 22, 2017, 11:32:06 AM Sometime in less than ~7500 blocks, we will hit block 4,300,000. This will be the next ice age difficulty jump. This will be the largest so far and hopefully the last before we get the hard-fork. However nobody knows when the hard-fork will be rolled out exactly. The devs can post-pone it as long as possible to reduce the ETH supply. Either way difficulty currently is 2454T and after the jump we will be at ~3000T. We are about 2 days away... So it happened hehe, difficult right now is 3000, I have a feeling some trolls are about to commit suicide hehe Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: razzbee on September 22, 2017, 11:33:41 AM This is not good for GPU miners
Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: Metroid on September 22, 2017, 11:34:59 AM This is not good for GPU miners This is very good cause i will sell more fabricated coffins around the globe hehe Well I warned you trolls about it hehe, you never listened ehhe Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: Tmdz on September 22, 2017, 02:12:32 PM At least these space heaters will keep us warm throughout the ice age.
Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: Metroid on September 22, 2017, 03:04:40 PM At least these space heaters will keep us warm throughout the ice age. hehe, well at least you trolls will have a heater for comfort hehe. Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: CarlOrff on September 22, 2017, 03:21:06 PM One mre time, the Ethereum difficulty is growing hard since a few hours : from 2350 to more 3000 in less 24 hours...
Such power increase over Ethereum mining and a so low price since weeks : what is the explanation ? No new good hardware from AMD or nVidia... Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: Metroid on September 22, 2017, 03:23:00 PM One mre time, the Ethereum difficulty is growing hard since a few hours : from 2350 to more 3000 in less 24 hours... Such power increase over Ethereum mining and a so low price since weeks : what is the explanation ? No new good hardware from AMD or nVidia... Ice age, it was known the difficult would increase this much today. Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: garytheasshole on September 22, 2017, 03:23:11 PM I'm not saying there's a private ETH miner, but there is a private ETH miner.
Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: ltcsprite on September 22, 2017, 03:54:22 PM One mre time, the Ethereum difficulty is growing hard since a few hours : from 2350 to more 3000 in less 24 hours... Such power increase over Ethereum mining and a so low price since weeks : what is the explanation ? No new good hardware from AMD or nVidia... For real? You guys mine but don't follow the news and know when difficulty rises come and updates and such? Jeez. Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: Marvell2 on September 22, 2017, 04:13:40 PM payout rates will equilize as some miners switch to other coins
Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: jt00 on September 22, 2017, 04:37:17 PM payout rates will equilize as some miners switch to other coins But payouts will equalize downwards as 90%+ people won't be taking their rigs offline. When Ethereum profitability goes down, everything else goes down. Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: Metroid on September 22, 2017, 04:49:18 PM But payouts will equalize downwards as 90%+ people won't be taking their rigs offline. When Ethereum profitability goes down, everything else goes down. I always say this exactly, other coins were very valuable because eth was very valuable. Now if eth goes down, all other coins go down cause eth was the coin making other coins to be very valuable. Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: Jukagid on September 22, 2017, 04:57:21 PM But payouts will equalize downwards as 90%+ people won't be taking their rigs offline. When Ethereum profitability goes down, everything else goes down. I always say this exactly, other coins were very valuable because eth was very valuable. Now if eth goes down, all other coins go down cause eth was the coin making other coins to be very valuable. I agree with that. The ETH is the leader of the altcoin. Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: CjMapope on September 24, 2017, 10:36:13 PM One mre time, the Ethereum difficulty is growing hard since a few hours : from 2350 to more 3000 in less 24 hours... Such power increase over Ethereum mining and a so low price since weeks : what is the explanation ? No new good hardware from AMD or nVidia... For real? You guys mine but don't follow the news and know when difficulty rises come and updates and such? Jeez. dont mind him, generally when people add nothing to a thread and just regurgitate what others said its just sig spam, i just put those guys on ignore, they are worthless here :D How do you guys think next months dif DECREASE will effect tho? word is with reduced reward, dif will also drop 50% Title: Re: ETH Difficulty +11% in less than 24 hours. Post by: Jukagid on September 30, 2017, 08:26:10 AM One mre time, the Ethereum difficulty is growing hard since a few hours : from 2350 to more 3000 in less 24 hours... Such power increase over Ethereum mining and a so low price since weeks : what is the explanation ? No new good hardware from AMD or nVidia... For real? You guys mine but don't follow the news and know when difficulty rises come and updates and such? Jeez. dont mind him, generally when people add nothing to a thread and just regurgitate what others said its just sig spam, i just put those guys on ignore, they are worthless here :D How do you guys think next months dif DECREASE will effect tho? word is with reduced reward, dif will also drop 50% Profit will be similar. |